Buchanan Center, 702 N 20th Ave, Hollywood, FL 33020

Value add 702 n. 20th ave. Currently consists of 5 units. It must be noted that there is a violation for work being conducted without a permit. As a result, the property must be converted back to a 4 plex. The current configuration contains 2 studio apartments, 2 one-bedroom apartments, and one two-bedroom one bath apartment. Once converted the property will contain (1/1)’s + (0/1) + (2/1) + (2/2) for a total of 4 units. It is significant to note that the rents are under market value. Must be purchased cash. There are no liens assessed to the property. Code enforcement will allow the sale to take place and provide ample time for the purchaser to cure the violation. Property provides a 6.5% cap rate based on market rents.